Do You Know What You Own?

The average American owns a pretty ridiculous amount of stuff. Many of us have so much that we have to store it in closets, attics, garages, tool sheds, and even rented storage units. If you haven’t gone through your possessions lately to determine what you need or don’t need, there’s no time like the present. While you’re at it, consider creating a detailed inventory. This process is a great way to evaluate what you own, what you want to keep, and what you need to offload. It could also end up saving you a lot of money if your home is ever burgled or damaged in a fire. After all, you can only put in an insurance claim for the items you can remember. The likelihood of recalling all the important stuff is pretty low if you’ve just been through a traumatic experience.

Fortunately, there’s an app for that. The MyStuff2 iPhone application is designed to help you create a comprehensive inventory of everything you own. This includes big stuff like your appliances and furniture down to the library of digital recordings on your PC or smartphone. You can add as much detail as you like including serial numbers and approximate replacement prices. You can even take pictures of things like jewelry or artwork to aid in identification if the items are stolen. Having all the information about your possessions readily available can make the insurance claim process much simpler – and more accurate.

Tags: Finance, Lifestyle